The much talked about and debated the new law to change the copyright rules were rejected by the European Union which was widely considered as a freedom intrusion into the internet. This decision is a major relief to  Google, YouTube and Facebook as they can avoid huge amounts in billions as payouts to press publishers, record labels, and artists. The proposed law changes were aimed at tech companies who were to share more revenue once the law is passed.

The European Parliament had been furiously debating on this issue for the past two years with both the tech companies and their owners and the content developers fighting for their side. This had also sparked a bitterness between the company and the content creators.

The content creators felt that if the rules are changed and the tech giants are made to pay the value gap between them will be reduced and will end up in a fairer business deal between them and an exploitation of their content can be avoided. More than 1.3 billion users of Google-owned YouTube regularly watch music videos, making it the biggest music service in the world. However, artists receive only 67 cents per user annually in royalties. Those opposed to the move were the giants in the industry and they claim that they would start to transform an “open platform for sharing and innovation.

A total of 318 lawmakers voted against opening talks with EU countries based on the proposal, while 278 voted in favor and 31 abstained. The full European Parliament will debate amendments to the copyright directive in September.